# LENS (Sarmaya Thematic ETF)

Sarmaya · Thematic ETFs · data as of Sep 18, 2026

LENS holds 43 stocks, and 78% of its weight is outside the S&P 500.

## Key facts

- LENS, already in the S&P 500: 21.7%, as of Sep 18, 2026.
- LENS, active share vs the S&P 500: 97.9%, as of Sep 18, 2026.
- LENS, top ten holdings: 42.3%, as of Sep 18, 2026.
- LENS, total return, 1 year: +46.4%, as of Sep 18, 2026.
- LENS, net assets: $53m (SEC filing, whole fund, as filed for May 29, 2026).
- LENS, expense ratio: 0.79% (485BPOS XBRL, Mar 26, 2026).

## LENS over each window to Sep 18, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +12.1% | +2.3% | +9.9 pts | +14.6 pts |
| 6 months | +6.7% | +18.0% | −11.3 pts | −17.5 pts |
| 1 year | +46.4% | +16.6% | +29.8 pts | +24.6 pts |
| Since launch | +84.9% | +29.1% | +55.8 pts | +45.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Broad innovation and megatrends | ETFIQ, editorial |
| Launched | Jan 29, 2025 | ETFIQ |
| Already in the S&P 500, by weight | 21.7% | ETFIQ |
| Active share vs the S&P 500 | 97.9% | ETFIQ |
| Already in the Nasdaq-100, by weight | 1.7% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.7% | ETFIQ |
| Top ten holdings weight | 42.3% | ETFIQ |
| Holdings | 43 | ETFIQ |
| Holdings as of | May 29, 2026 | SEC N-PORT |
| Top holdings | SPDR Gold MiniShares Trust 9.0%, iShares Gold Trust Micro 5.8%, iShares Silver Trust 4.2%, Chevron Corp 4.2%, Exxon Mobil Corp 4.2%, Kinross Gold Corp 4.0%, Agnico Eagle Mines Ltd 3.0%, Gold Fields Ltd 2.9%, Equinox Gold Corp 2.5%, SLB Ltd 2.4% | ETFIQ |
| Net assets | $53m | SEC filing, whole fund, as filed for May 29, 2026 |
| Below its all-time high | −9.8% | ETFIQ |
| Expense ratio | 0.79% | 485BPOS XBRL, Mar 26, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.81% | ETFIQ |
| Closest funds by holdings overlap | GDX 20%, WR 19%, RING 18%, AUAU 18%, TSES 16% | ETFIQ |

## Questions

### How much of LENS is in S&P 500 companies?

By its holdings filed for May 29, 2026, 22% of LENS by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.

### What does LENS hold?

43 positions as filed for May 29, 2026, with the top ten at 42% of the fund. The largest are SPDR Gold MiniShares Trust at 9.0%, iShares Gold Trust Micro at 5.8%, iShares Silver Trust at 4.2%.

### Has LENS beaten the S&P 500?

Over the year to Sep 18, 2026 LENS returned +46.4% with distributions reinvested, against +16.6% for the S&P 500, so it finished ahead of the index by 29.8 points.

### What does LENS cost?

The prospectus expense ratio is 0.79% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.81%.


## Cite this page

ETFIQ, LENS, data as of Sep 18, 2026. https://etfiq.com/funds/lens
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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